MOSCOW, June 15 (Sputnik) – The Bank of Russia on Monday lowered its key annual rates by 1 percent to 11.5 percent from June 16, according to the regulator’s press release.
“The Bank of Russia’s board of directors made a decision on June 15, 2015, to lower the key rate from 12.5 percent to 11.5 percent annual, taking into consideration the weakening inflation risks during a considerable cooling economy,” the press release reads.
The Central Bank said it would continue to lower key rates in pace with the slowing of inflation rates in the country.
